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Russiagate - Citgo getting bought by Rosneft

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2:29 AM politico.com And Citgo, the U.S. refining arm of Venezuela's state-owned oil company, is under increasing scrutiny as the Trump administration takes a tougher line against the cash-strapped government of Venezuela, which has been accused of human rights abuses and drug trafficking. Complicating matters further, there are rising concerns that the Russian government-owned oil company Rosneft could be on the verge of taking control of Citgo. That's because Venezuela's national oil company, Petróleos de Venezuela, or PDVSA, took out a loan from Rosneft in December, offering as collateral 49.9 percent of itgo's shares. International energy market analysts have predicted that the economic crisis in Venezuela could lead PDVSA to default on its debt, which would put Rosneft on the cusp of controlling three of the largest and most sophisticated refineries in the U.S., plus three major pipelines and dozens of fuel terminals The involvement of Russia is fraught for Trump's administration. The president's team is under scrutiny from law enforcement and congressional investigators examining Russian efforts to meddle in the 2016 presidential election, including by stealing and disseminating emails from allies of Trump's c riva bipartisan group of senators wrote a letter las month to Trump's Treasury secretary, Steve Mnuchin, linking the election hacking and Russia's alleged violations of arms control reements with Rosneft's position in Citgo The sena extremely Tweet link

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